News
WSJ | Obama Puts Taxes on Table
...will call for tax increases for people making over $250,000 a year, a proposal contained in his 2012 budget, and changing parts of the tax code he thinks benefit the wealthy.
Econ Comments
CNN Money | Debt reduction: The voters are ready. Is Washington?
Heralding this as a success is like cheering me on at the office for handing in my taxi receipts. Late.
Cato Institute | Tax Freedom Day -- Not
Taxpayers are bailing out virtually every interest known to man — plus a few not previously recognized.
Blogs
Atlantic: McArdle | How Safe Is Your Roth IRA?
When I look at the budget problems we face, I'm skeptical that Congress is going to live up to its promise to keep its hands off that money. At the very least, I'd bet that high earners are going to see some sort of surtax on their Roth withdrawals.
Cato@Liberty | Reckless IRS Regulation Would Put Foreign Tax Law over American Tax Law and Drive Investment out of the United States
The IRS issued this proposal, even though Congress repeatedly has voted not to tax this income because of an understandable desire to attract job-creating capital to the U.S. economy.
Reports
Tax Foundation | Ryan Plan Smartly Marries Tax Reform with Spending Reform
The plan calls for cutting the top individual and corporate tax rates from 35 to 25 percent while ridding the tax code of the vast number of preferences and loopholes in the system.
Tax Foundation | Census Bureau Releases 2010 State Tax Collection Data
All the major sources of state revenue (sales taxes, individual income taxes, and corporate income taxes) fell in 2010.
